Cheap Homes for Rent in Downtown Portland Neighborhood of Portland, OR from $600 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Portland area of Portland.

property at 1829 NW LOVEJOY

1829 NW LOVEJOY

PortlandOR97209

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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Showing Results 1-13, Page 1 of 1

Downtown Portland, Portland, OR Local Guide

Cheapest Available Downtown Portland Apartments for Rent

 

The cheapest available apartment rental in the Downtown Portland area of Portland, OR is a Studio unit found at Modern Rich Apartments priced from $649. Morrison Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Downtown Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$802
Brown Apartments0BR/1.0BAStudio,1BA$895
Tiller TerraceStudioStudio,1BA$899

Best Value Apartments for Rent in Downtown Portland, OR

As of April 06, 2025 the best value apartment in the Downtown Portland area is the $2.02 price per square foot 156 Model at 140 Sacramento Townhomes in the in the Northeast Portland neighborhood starting from $3,550. The second greatest value Downtown Portland apartment is the Two Bedroom Model at Gallery Park Apartments starting at $1,799 with a $1.50 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Downtown Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
140 Sacramento Townhomes1563BR,3.5BA$2.02
Gallery Park ApartmentsTwo Bedroom2BR,2BA$1.50
Imperial Arms Apartments2BR/1.0BA2BR,1BA$1.90
DorianOne Bedroom1BR,1BA$1.88
Parkview Apartments1bd1ba1fl 7501BR,1BA$1.98
Hidwell Apartments1BR/1.0BA1BR,1BA$1.53
Westfal ApartmentsOne Bedroom1BR,1BA$1.92
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.39
WaterleafStudio-60%Studio ,1BA$2.02
Brown Apartments0BR/1.0BAStudio ,1BA$1.79

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Frequently Asked Questions about Downtown Portland

What type of rentals are currently available in Downtown Portland?

There are currently 515 Apartments for Rent in Downtown Portland, OR with pricing that ranges from $500 to $26,948. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portland ranging from $600 to $15,000.

What is the current price range for Rental Homes in Downtown Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Portland ranges from $600 to $15,000 with an average monthly rent of $4,950.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Chad Deitchley

As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.